Buying a Business for Retirement Income with David Barnett

<p>On today&apos;s show, I talk with David Barnett, who is an expert in buying and selling business.  I wanted to come at the conversation from the angle of buying a business as an income generating asset in retirement. He had a lot of wisdom to share. We cover:<br/><br/></p><ul><li>How did David become an expert in buying and selling &quot;main street&quot; businesses?</li><li>Should you buy or sell a business in retirement?</li><li>Aligning your business venture to your interests</li><li>Why buying a business and being &quot;hands-off&quot; is an unrealistic expectation</li><li>Don&apos;t be fooled by the promise of buying an &quot;absent-owner&quot; business</li><li>There is a lot more to owning a self-serve car wash than just collecting quarters</li><li>What are the most important things to think about when buying a main street business</li><li>Why do you need to make a proper cash flow projection</li><li>Three components of the typical financing for main street business transactions</li><li>Red flags when buying a business</li><li>How Seller Financing can help foster a successful transition</li><li>The fragile nature of businesses</li><li>Does the goodwill of a business reside with the business or the owner?</li></ul><p><b>Connect with David</b></p><ul><li><a href='https://www.youtube.com/channel/UCbR8hQfFxBI4Idh4Zw65yZQ'>YouTube</a></li></ul><p><br/><b>New Website!<br/></b>The Invest Smarter Podcast has a new website! Go to <a href='https://www.investsmarterpod.com/'>www.investsmarterpod.com</a> to check it out. You can subscribe to our newsletter right from there and get our eBook, &quot;Successfully Navigating the Market Cycle.<b><br/></b><br/><b>Connect with David DeWitt</b></p><ul><li><a href='https://www.investsmarterpod.com/'>Subscribe to the Invest Smarter Newsletter</a> (Bottom of the page)</li><li><a href='https://www.linkedin.com/in/daviddewittdcm/'>Connect on LinkedIn</a></li><li><a href='https://www.dewittcm.com/free'>Get a Free Financial Assessment</a></li></ul><p><b>If you received any value f